So you’ve found the perfect home to buy and are getting ready to make an offer with your Realtor. She explains to you that you’ll need to include an earnest money deposit with your contract to purchase, and this amount is usually 1% of the offer price. Before pulling out your checkbook, you should understand that this deposit will go towards the amount you pay at closing. In South Carolina, this money sits in an escrow account, usually with your Realtor’s company, until the closing is ready to take place. However, there are 3 ways you can lose this money (meaning the seller gets to keep the entire amount). Pay attention so that you can ensure every dollar comes back to you on closing day!
Your Offer Included No Contingencies
A real estate
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